Platinum prices plummeted in 2015 but have recovered by about 19% since the beginning of the year.

The company’s chief executive, Neal Froneman, told Reuters that despite the collapse in platinum prices last year, he is confident that the sector has turned a corner.

“You are already seeing the platinum price move (up). In fact, I am concerned that we may even be too late (to take full advantage)," he said.

Froneman, who has been at the helm of Sibanye since it was spun out of Gold Fields in 2012, noted Sibanye would not make a move “just for the sake of making a move," but rather would focus on acquiring operations that can enhance the miner’s cash flows.